Form 4: Microchip Technology Director Wade F. Meyercord Reports Stock Vesting
SEC Form 4 Filing
Director Wade F. Meyercord reported the vesting of restricted stock units into Microchip Technology common stock on August 19, 2024.
Summary
- On August 19, 2024, Wade F. Meyercord, a director of Microchip Technology, had 2,492 restricted stock units vest.
- These units converted into 2,492 shares of common stock at a price of $82.03.
- Following the transaction, Meyercord indirectly owns 27,769 shares held in trust.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard compensation practice. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors. It's a standard practice for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of transaction: vesting of restricted stock units. |
| 08/21/2024 | Date of report signature. |
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